> Trump's 50% tariffs on India over Russian oil purchases take effect
Trump's 50% tariffs on India over Russian oil purchases take effect
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Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a serious blow to India’s overseas trade in its largest export market.
President Donald Trump had initially announced a 25% tariff on Indian goods. But earlier this month he signed an executive order imposing an additional 25% tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the U.S. on its ally to 50%.
MORE: https://www.wthr.com/article/news/nation-world/tariffs-end-of-de-minimis-low-value-imports/507-47c2fbdf-6b54-4b81-9867-1f3b64a614be